Vice President, Hedge Fund Credit Approval

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC, we use our unique expertise, capabilities, breadth, and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities, and the planet we all share.

The Vice President, Hedge Fund Credit Approval manages credit risk and provides decisioning, exercising delegated credit authority for credit exposure arising from new and existing clients. Ensures appropriate lending structures and controls are in place to handle inherent and unique risks in reviewed transactions. Consults with businesses regarding appropriate credit facility structuring to meet Company standards, regulatory guidelines and client needs.

Reports to Sector Head.

• Participate with lenders and management of various debt teams, ensuring responsiveness, meeting portfolio exposure targets, minimizing credit costs, and maintaining and acquiring profitable and prudent credit exposures
• Analyze and evaluate client’s business model (including guidance to deal teams on credit underwriting), financial performance, management, industry research (including micro/macro economic factors), and forecast business plans
• Review, recommend, and approve individual credit limits within assigned authority for large and complex loans involving the Company’s and Group’s customer base, ensuring adherence to all applicable credit approval policy and procedures
• Ensure ongoing credit quality through portfolio management tasks including timely risk ratings and remediation actions, where applicable
• Assure compliance with Bank Credit Policy and risk appetite guidelines as well as adherence to all Regulatory requirements and controls
• Be responsible business unit RM’s and senior management
• Guide evaluation, underwriting, and structuring of complex credit proposals or those requiring close scrutiny. Identify potential risks within the company and provide mitigating solutions. Provide immediate attention & guidance to deteriorating situations
• Foster a collaborative relationship with the business, working together to address the client’s needs while assuring the risk profile remains within the Bank’s credit appetite
• Provide guidance, training, and expertise on the credit approval process and structuring of loans as required
• Train junior staff
• Participate in development and implementation of credit policies and procedures for assigned areas of the Company to ensure credit process integrity and prudent management of overall credit quality. Develop and recommend strategies for problem credits in compliance with credit policy to optimize value
• Implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators
• Evaluate risk and arrive at prudent credit decisions when faced with complex corporate and lending structures (including across both domestic and multinational jurisdictions), involving an understanding of strong commercial business fundamentals, confident analytically driven judgments, supported by a high level of intellectual curiosity
• Make autonomous, prudent credit decisions under tight time deadlines
• Maintain a collaborative relationship with business units to achieve growth goals and maintain credit quality
• Demonstrate “Courageous Integrity” at all times, taking responsibility to escape issues so as to ensure the Company maintains the highest standards for Compliance and Risk Management
• Ensure compliance, operational risk controls in accordance with HSBC or…